Shortening The Settlement Cycle

DTCC supports a move to a two-day settlement period, or “T+2,” in the U.S. financial markets for equities, corporate and municipal bonds and unit investment trust (UIT) trades. DTCC’s view is that reducing the time period between trade execution and settling payment for U.S. cash securities transactions protects the financial markets by substantially reducing credit and liquidity risks for the industry and the investing public.

About T+2

Shortening the settlement cycle to T+2 in the U.S. financial markets will reduce operational and systemic risk by limiting exposure and creating greater efficiencies